Jerusalem, 14 October, 2026 (TPS-IL) — Founded in Herzliya Pituah by former Qualcomm executive Assaf Touboul, the ambitious newcomer Axonica Labs, with only 20 employees on its payroll, began operating around June 2025 and is rapidly positioning itself as a formidable player in the high-stakes energy-efficient and cost-effective AI inference chip sector.
Axonica Labs is developing an ultra-energy-efficient and highly cost-effective AI inference chip, specifically engineered to challenge dominant industry competitors like Cerebras.
The startup’s disruptive potential has already captured significant investor confidence, allowing it to raise tens of millions of dollars in a highly successful pre-seed funding round. This major financial backing comes from prominent US and Israeli venture funds, including Amplify Partners, Wing VC, and Qualcomm Ventures, providing the small but agile team with the robust resources needed to accelerate its groundbreaking technology.